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Old 04-20-2020, 09:02 AM
Guitarman1951 Guitarman1951 is offline
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Well, being a retired corporate financial controller. I can tell you that isn't that easy to really know the financial situation of a company without looking at the profit and loss and balance sheet statements. What was their % return on sales before and after, the costs if operation before and after the shutdown, cash flow, etc. Without any revenue coming in, I'm sure they are scrambling to cover the cost of those huge ships that are out of operation. The costs of idle ships have to be substantial. Ships systems and mechanics have to continue to be maintained, along large docking fees, etc. Stockholders will want to know that expense cuts are made anywhere possible. The CEO's compensation may seem exorbitant to you but, seeing the amounts you listed, are less than I would have expected and certainly not out of the norm. When you have the total responsibility of a company's success or failure on your shoulders, the compensation has to be comparable to other companies to attract the best person possible. If you want to put that into comparison to about every pro athletic compensation, it's not even close and they have no responsibility for a company and people's lives. Those companies have to survive if jobs are to return when this horrible time is over. So if you want to complain about high salaries, complain about twisted values we have placed on friggen sports and movie stars, and the completely exorbitant salaries of these people, who have none this kind of responsibility on their shoulders.